In millions, except per share items | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income on loans | 156.3 | 154.2 | 174.9 | | |
Total interest income | 230.2 | 231.9 | 256.1 | | |
Interest on borrowings | 38.2 | 22.9 | 6.7 | | |
Total interest expense | 80.6 | 62.6 | 65.1 | | |
Net interest income | 149.6 | 169.3 | 191.0 | | |
Provision for loan losses | 0.0 | 5.1 | 0.4 | | |
Net interest income after provision for loan losses | 149.6 | 164.1 | 190.6 | | |
Deposit and loan fees | 48.8 | 49.2 | 45.1 | | |
Gain on sale of investments, net | 0.2 | 13.3 | 9.5 | | |
Other non-interest income | 49.6 | 46.7 | 38.1 | | |
Total non-interest income | 98.6 | 109.2 | 92.6 | | |
Non-interest expenses | 365.3 | 257.6 | 237.9 | | |
Pre-tax income before non-recurring items | -117.1 | 15.8 | 45.3 | 11.9 | 66.2 |
Non-recurring items | | | | 4.3 | |
Pre-tax income | -117.1 | 15.8 | 45.3 | 7.6 | 66.2 |
Income taxes | -18.8 | 14.8 | 32.3 | 0.0 | 0.0 |
Tax rate | 16.0% | 93.8% | 71.2% | 0.0% | 0.0% |
Earnings from continuing ops | -98.3 | 1.0 | 13.0 | | |
Earnings from discontinued ops | 1.7 | 0.3 | -0.1 | | |
Net income | -98.3 | 1.0 | 13.0 | 0.0 | 0.0 |
Net margin | -39.6% | 0.4% | 4.6% | 0.0% | 0.0% |
|
Basic EPS | ($3.27) | $0.03 | $0.46 | $0.00 | |
Diluted EPS | ($3.27) | $0.03 | $0.45 | $0.00 | |
|
Shares outstanding (basic) | 30.1 | 32.6 | 28.3 | 28.5 | |
Shares outstanding (diluted) | 30.1 | 32.6 | 28.9 | 28.5 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |